Drake x Scott Storch Type Beat "Empire"

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Licensing Info

Exclusive Rights Contract

(Bardo Beats, La Famiglia Entertainment). “Licensor” warrants that it controls the mechanical rights in and to the musical work (“Composition”) being sold to Licensee as of and prior to the Effective Date. The Licensee and Licensor have agreed to the following terms:

1. Master Use. The Licensor hereby grants to Licensee an exclusive License to record vocal synchronization to the Composition partly or in its entirety and substantially in its original form (“Master Recording”). The Licensor guarantees that the Composition will not be sold on to any third parties.

2. Mechanical Rights. The Licensor hereby grants to Licensee an exclusive License to use Master Recording in the reproduction, duplication, manufacture, and distribution of phonograph records, cassette tapes, compact disks, internet downloads, other and miscellaneous audio and digital recordings, and any lifts and versions thereof (collectively ,”Recordings”) worldwide for the pressing or selling of unlimited copies of such Recordings or any combination of such Recordings, but must pay the licensor 20% of royalties gained from the usage of the purchased track. Additionally, Licensor shall be permitted to distribute unlimited internet downloads for non-profit and non-commercial use.

3. Performance Rights. The Licensor hereby grants to Licensee an exclusive License to use the Master Recording in unlimited non-profit performances, shows, or concerts. The Licensee is also permitted to earn an unlimited fee in compensation for ticket sales using the Master Recording in said performances.

4. Synchronization Rights. The Licensor hereby grants to Licensee an exclusive License to copy, perform, edit and/or loop portions of, record on film, video, digital animations, and video games (collectively, “Projects”) and use the Master Recording in synchronization or timed relation with the productions in unlimited Projects.

5. Broadcast Rights. The Licensor hereby grants to Licensee an exclusive license to broadcast or air the Master Recording on an unlimited number of radio stations or station channels, respectively.

6. Credit. Licensee shall acknowledge the original authorship of the Composition appropriately and reasonably in all media and performance formats by acknowledging the relevant author (you may want to insert your own name here) in writing where possible and vocally otherwise. Where a project is commercially released and registered with a performance rights organisation, Licensor shall be acknowledged as a Writer.

7. Sampling. The Licensee agrees that if the Composition is purchased as a “Work Made for Hire” whereby the clearing of any sampled materials is the responsibility of Licensee.

8. Compensation. Payment for this License is non-refundable. If the Licensee fails to account to the Licensor, timely and complete the payments provided for hereunder, the Licensor shall have the right to terminate this License upon written notice to the Licensee. Such termination shall render the recording, manufacture and/or distribution of Recordings for which monies have not been paid subject to and actionable as infringements under applicable law. In consideration of the Producers services, the Artist will pay the Producer a fixed price of [_________] for each Master. Until such time as payment is rendered by the Artist, the recordings of the Masters will remain the property of the Producer. In the event of termination of this Music Producer Contract, the Artist will pay the Producer for all work completed and any work in progress.

9. Term. Executed by the Licensor and the Licensee, this License agreement is to be effective as for all purposes as of the Effective Date and shall not expire.

10. Indemnification. Licensee agrees to indemnify and hold Licensor harmless from and against any and all claims, losses, damages, costs, and expenses, including, without limitation, reasonable attorneys’ fees, arising out of or resulting from a claimed breach of any of Licensee’s representations, warranties or agreements hereunder.

11. Miscellaneous. This License is non-transferable and is limited to the Composition specified, constitutes the entire agreement between the Licensor and the Licensee relating to the Composition, and shall be binding upon both Licensor and Licensee and their respective successors, assigns, and legal representatives.

12. Governing Law. This License is governed by and shall be construed under the laws of the Licensor’s resident country, without regard to the conflicts of laws and principles thereof.